is it risky to turn all my money to bitcoins?

[Airdrop Manager]

Bitcoin has so far this year beaten many traditional investment asset in terms of ROI it has to offer on invested amount in shorter period. This make Bitcoin to be a lucrative investment. But never ever, even if you blindly trust your investment asset, invest in one asset. Always diversify your investments that too not among cryptocurrencies only but in various other assets as well. This saves the chances of complete loss. Invest about 30% of your salary but in different assets in which the most trusted asset should have the larger part in investment.

[MarySher]

i do not think its risky, if we make all the money we have in to bitcoin. so you have to take a just simple.

[synapsisxxx]

A guy,  in South Korea maybe, bought Bitcoin @ $19k by putting his house for mortgage, then panic sold at 12k. So it all depends on how you deal personally with the volatility. Shows true strength of character this 

[malia tring]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

I think it’s not too risky due to change all the money belonging to you become bitcoin likely you will benefit is large enough of all the money you make a bitcoin, but you just need to set up a strategy to profit, an example like you buy bitcoin in the price 10K and you sell at the time the price bitcoin more than the price 10K may be in the price 13K you’ve been able to sell it.

[Maheshkumar_Hrangkhawl]

It is risky and the risk comes from multiple sources. First of all, Bitcoin is highly volatile and its price can go down by 80% or go up by 1,000% in a single year. Secondly, the legality of Bitcoin is in question and the government can harass the Bitcoin users if something goes wrong. Third, there is always a chance of the private keys getting lost or a hacker stealing your bitcoins.  

[Ryan1212]

Turing your all money into bitcoin is really a risky task for investor. Since its volatile and suffering some ups and down, like a week ago the price was unbelievable it all most touch the 20k and now the price fall down and decrease to 13k or maybe it will decrease more. So just one thing to consider if you had turned your all money into bitcoins a week ago, You would have surly become emotional and lose your all money by panic selling.

[anavir]

i dont think it is a good idea to turn all your money to bitcoin..you may spend 50 percent then save the 50 percent and then observed if the money you spent in bitcoin is going good then you may add your capital without emptying your pocket

[nick_nick]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Again, its very dangerous to put all your eggs in one basket. Diversified investment is the key to success in cryptocurrencies; and turning all monies to Bitcoins may be too dangerous especially in this time prices are falling.

[koyo12]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

putting all your money on bitcoin that's too risky, investing in bitcoin is such a great idea but don't put all your money in it.

[AliMan]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

putting all your money on bitcoin that's too risky, investing in bitcoin is such a great idea but don't put all your money in it.

If I were you, spend a right amount of money on bitcoins. Don’t exchange all you money for bitcoins, just a right amount of money. Even if you invest a right amount, you will also earn just like who invest all their money on bitcoins. I’m not telling you not to invest on bitcoin, but if you wil invest, put the right amount of money. Don’t give all that you have if you’re not really into it. Do your research everytime before doing an action.

[DunnDy]

As you said, you want to turn all money and it might be risky a bit. It is better to take part of your money to Bitcoin. You could earn with it also but you wouldn't have to take a risk. It is more safe to invest some part of the funds. I recommend you to exchange little money, at the begining and when you are certain that it is worth you will do it again.

[DonFacundo]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

yes it is very risky to turn all your money into bitcoins, what if the price never go up and what if you country banning bitcoin so you loss it all, you should not put all your money to invest bitcoin or altcoins. Only half of your money to invest in cryptos.

[klser]

Of course, it's risky. I would never invest more than 50% of my money in a single asset, just in case something goes wrong. Study and do your research everytime before doing an action.

[sajjad.uc]

Turning all money into bitcoin is a good idea but with element of risk in it. Because it make serious profit or it will cause loosing everything. But right now chance of making profit is very high. I will surely convert my 70% of earning and wealth into bitcoin and hold onto that.

[senin]

It is always unreasonable to keep your funds in one crypto currency. As for bitcoin, now many people are thinking about whether it is worthwhile to invest in bitcoin in the future, so a serious situation has developed with the non-elimination of its shortcomings and other problems. It seems that now it makes sense to wait a little for the situation and see what happens next. Now the market has completely frozen. Altcoins are either still standing or falling. However, in this situation, investing in altcoyins is still preferable.

[bitcon]

Yes it is incredibly risky! Bitcoin relative to a bank is highly unsecure and you're far more likely to lose bitcoin than currency stored in a bank. Everyone says this, but it is best to only invest money that you can afford and are willing to lose into Bitcoin and any other cryptocurrency.

If you have money in the bank that isn't doing anything, consider investing a portion into cryptocurrency and another portion into more safer investments such as an ETF or P2P lending.

Yes it's a risky thing to do. Just like in any other kind of investment, it is not wise to put all your money. They say that you should only invest what you can afford to lose. Bitcoin value is fluctuating. Its value will sometimes go really down. Invest only a part of your money.  Also it would be a good thing to do research about bitcoin to have a knowledge of the right way of investment.

Never invest all of your money into crypto, even when you see that Bitcoin (other cryptos either) are in green zone and growing like mushrooms after rain. This is an extremely high risk. Invest up to 30% of your funds.

[giogio0504]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Every investment is accompanied with risk, so it is up to your decision.

[akhilsh6896]

I would advise you not to invest more than you can afford to lose. Of course, there is a risk in the market even if it's less. It has value because people believe in it and there is no guarantee that people's thoughts will not change in future.

[SadEmo]

It is not risky man, because bitcoin is pretty satable currency and you probably will not lose everything at once but if you will  it is not my fault haha.

[Tinna25]

very risky, better dont all you invest in bitcoin, but a few percent only. because you know by yourself that the exchange rate of bitcoin fluctuates.